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Wednesday, February 8, 2012

China Provides Loan of over 300 million USD for Road, Bridge and Irrigation System Construction

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According to the Ministry of Economy and Finance, China has recently provided 302 million USD concession loans which will be used for the implementation of three projects: Construction of the National Road No124 and Thalaborivath-Tbeng Meanchey Mekong crossing bridge, Construction of National Road No76 from Sen Monorom-Ta Ang and Development of Vaiko Irrigation Phase I in Svay Rieng province, said the DPM Keat Chhon during the signing ceremony with Mr. Li Ruogu, President of the Export-Import Bank of China on 2 February. This loan is in Cambodia-China bilateral cooperation framework, accounting for 95 % of the total projects, 314.9 million USD.  (Rasmei Kam, 04 February 2012)

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